Browsing ECO Working Papers by Author "PAIELLA, Monica"

Title:Risk Aversion, Wealth, and Background Risk
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Author(s):GUISO, Luigi; PAIELLA, MonicaDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2007/47Abstract:We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay for a risky security. We relate this measure to consumers.endowments and attributes ...